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Memorial Day is right around the corner; it’s a time to honor those who have lost their lives for our country. Unfortunately, scammers target victims by using a variety of schemes with a patriotic or military approach. In 2020, active-duty service members lost more than $190,000 to scammers across the United States, according to reports generated by BBB Scam Tracker. Veterans across the nation were impacted to an even greater degree, with over $270,000 lost to fraudulent business practices.
BBB advises consumers to be wary of the following scams that are typically directed at military personnel, their families, and potential donors.
High-priced military loans. Advertisements for loans that promise a guarantee, instant approval or no credit check will often come with hidden fees and extremely high interest rates. Remember…
